Do foreign citizens of Indian origin require permission of the RBI to purchase immovable property in India for their residential use?
Yes. However, the RBI has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to purchase immovable property in India for their bona fide residential purpose. They are, therefore, not required to obtain separate permission of The Reserve Bank. ……………………………………………………………………………………………………………………………………….
Related Questions
- Do foreign citizens of Indian origin require permission RBI permission to purchase immovable property in India for their residential use?
- Do foreign citizens of Indian origin require permission of the RBI to purchase immovable property in India for their residential use?
- Do foreign citizens of Indian origin require permission of RBI, to purchase immovable property in India for their residential use ?
